A credit market instrument that requires the borrower to make the same payment every period until the maturity date is known as a
A) simple loan.
B) fixed-payment loan.
C) coupon bond.
D) discount bond.
B
You might also like to view...
To ensure that a nominal payment represents a constant level of purchasing power over time, one should:
A. add the price index to it. B. divide it by the price index. C. subtract the price index from it. D. increase it by a percentage equal to the rate of inflation for that year.
When female/male earnings differentials are adjusted for age, education, language, and locational characteristics, the
a. differential between the earnings of males and those of females increases substantially. b. differential between the earnings of males and those of females does not change much. c. corrected earnings of males are equal to those of similar females. d. corrected earnings of females are greater than those of similar males.
By definition, imports are
a. people who work in foreign countries. b. goods in which a country has an absolute advantage. c. limits placed on the quantity of goods leaving a country. d. goods produced abroad and sold domestically.
The horizontal dotted line is
A. a price ceiling.
B. a price floor.
C. the price at which quantity supplied equals quantity demanded.
D. the equilibrium price for this graph.